As previously reported, Scotiabank analyst Orest Wowkodaw upgraded Ivanhoe Mines (IVPAF) to Outperform from Sector Perform with a price target of C$17, up from C$12.50, following a site visit to the company’s flagship Kamoa-Kakula Cu complex in the DRC. Following the visit, the firm is now “significantly more comfortable” with the outlook for the operation following seismic induced flooding at the high-grade Kakula mine in May and now sees “an achievable pathway” for the complex to yield markedly improved copper output in 2027, the analyst tells investors.
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Read More on IVPAF:
- Ivanhoe Mines upgraded to Outperform from Sector Perform at Scotiabank
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